Sarasota Real Estate Market News

Home asking prices up 2.3% in Aug. over year ago, claims Trulia

SAN FRANCISCO – Sept. 6, 2012 – Nationally, asking prices on for-sale homes increased 2.3 percent in August compared to the previous year, according to data compiled for the Trulia Price Monitor.

According to Trulia, asking prices on for-sale homes in the Cape Coral-Fort Myers metro area rose 16.5 percent year-over-year; in the West Palm Beach metro area, 10.4 percent; in the Miami metro area, 9.6 percent; and in the Orlando metro area, 8.6 percent.

In 68 of the 100 largest metros, asking prices on for-sale homes rose year-over-year in August. Excluding foreclosures, asking prices rose 3.8 percent year-over-year. These are the largest year-over-year gains since the recession, according to Trulia.

Meanwhile, asking prices rose nationally 1.8 percent quarter-over-quarter, seasonally adjusted. Looking month-over-month, asking prices rose by 0.8 percent – the seventh consecutive month of increases, according to Trulia.

Nationally, rents rose 4.7 percent year-over-year in August, compared to 5.8 percent year-over-year in May – making it the slowest rise since March, according to Trulia.

The Trulia Price Monitor and Trulia Rent Monitor are based on the for-sale homes and rentals listed on Trulia. The monitors take into account changes in the mix of listed homes and reflect trends in prices and rents for similar homes in similar neighborhoods through Aug. 31, 2012.

© Florida Realtors®

October 23, 2012 - Posted by | News related to Sellers, News related to the Market

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